Advertisement
18 Jun 2026
• Villagers from Jewar who gave land for Noida International Airport boarded the inaugural passenger flight this week.
• Around 170 farmers, including nearly 20 women, participated in the first commercial journey from Jewar to Lucknow.
• Most passengers were first-time flyers and were specially invited as part of the launch event.
• The flight marked the start of operations at the new airport, developed on land acquired from local residents.
• Passengers were also expected to meet Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow.Read more
18 Jun 2026
The Enforcement Directorate has attached assets worth around INR 503 crore in its ongoing money-laundering investigation against Raheja Developers. The action is linked to allegations of fraud involving homebuyers and suspected diversion of funds collected from multiple housing projects. Earlier attachments in the same case had already taken the total value of seized properties beyond INR 1,100 crore. With the latest move, the cumulative value of attached assets in the case has risen to nearly INR 1,617 crore, involving the company, its promoter Navin M Raheja, and associated family members.Read more
18 Jun 2026
Raheja Universal has introduced Horizon, a private rooftop restobar for residents at its Raheja Imperia-I project in Worli, Mumbai. Located on the 60th floor, the 20,500 sq ft amenity forms part of the project's lifestyle offering and is operated by Aufside Hospitality LLP. The developer said the facility is part of its strategy to enhance resident experience through hospitality-led amenities, alongside other features including an infinity sky pool, open-air theatre and sky deck.Read more
18 Jun 2026
• Ranchi's Birsa Munda Airport reported a net profit of INR 87.56 crore in FY 2025-26, its highest profit in recent years.
• Passenger traffic reached around 27 lakh during the fiscal, highlighting growing air travel demand in Jharkhand.
• The airport has witnessed steady profit growth over the past three years, supported by higher passenger volumes and operational improvements.
• Infrastructure upgrades, including a new ATC tower, apron expansion and improved navigation systems, have strengthened airport capacity.
• The growth reflects Ranchi's rising importance as a regional aviation hub and supports broader economic and tourism activity in the state.Read more
17 Jun 2026
Private equity firm Warburg Pincus is set to acquire Japanese student housing provider J.S.B. through a USD 1.2 billion tender offer, marking its first take-private transaction in Japan. The firm plans to offer JPY 9,000 per share and has already secured support from J.S.B.'s largest shareholders. The Japanese company has also endorsed the offer and recommended that shareholders participate. The transaction highlights Warburg Pincus' growing focus on Japan's real estate and housing sectors, following its expansion in the country and earlier investment in affordable rental housing platform Tokyo Beta.Read more
17 Jun 2026
• The Residency Hotels has announced an investment of INR 600 crore for three new luxury hospitality projects across South India and the Maldives.
• The expansion follows the launch of The Residency Signature in Madurai, a luxury hotel and convention centre developed at an investment of around INR 450 crore.
• New projects are planned in Madurai, Mysuru and the Maldives as the group strengthens its presence in the premium hospitality segment.
• The company sees growing opportunities in business travel, leisure tourism, destination weddings and the meetings and events market.
• The expansion comes amid rising demand for luxury hotels and convention infrastructure across key South Indian cities.Read more
17 Jun 2026
Avendus Capital, at its REITs and InvITs Conclave 2026 in Mumbai on 16 June 2026, projected that India's combined REIT and InvIT market could attract INR 11.6 trillion in fresh capital by 2030, with total assets under management doubling from roughly INR 9.25 trillion to INR 20 trillion. The forecast rests on an anticipated wave of new listings in FY2026–27, sustained government infrastructure spending, and SEBI's reclassification of REITs as equity instruments. India currently ranks fourth in Asia by combined REIT and InvIT market capitalisation, with five listed REITs and 17 listed InvITs.Read more
17 Jun 2026
Smartworks Coworking Spaces has strengthened its presence in Singapore by adding more than 15,000 square feet of office space at Manulife Tower. The expansion marks another step in the company's efforts to grow its international footprint and cater to rising demand for managed workspace solutions from enterprises and multinational occupiers. Smartworks, one of India's largest managed office space providers, has been expanding its portfolio across key business markets while focusing on flexible and enterprise-led workspace offerings. The latest addition is expected to support the company's growth strategy in Southeast Asia.Read more
17 Jun 2026
Hospitality companies IHG Hotels & Resorts and Indian Hotels Company Ltd (IHCL) have expanded their presence in India with the launch of new properties in Andhra Pradesh and Maharashtra. IHG has opened a 90-key Holiday Inn Express & Suites in Vijayawada, strengthening its footprint in one of Andhra Pradesh’s growing commercial and connectivity centres. The hotel is positioned to cater to both business and leisure travellers and benefits from its proximity to Amaravati. Separately, IHCL has launched Bandra House Mumbai under its SeleQtions brand. The 39-key property has been designed to reflect Bandra’s cultural and architectural character, adding a boutique offering to the company’s portfolio in Mumbai. Both announcements highlight continued investment by hotel operators in key urban and business destinations across India.Read more
17 Jun 2026
Entra ASA has signed new lease agreements with Ability FM AS for office and warehouse premises in Oslo, further strengthening occupancy across its commercial property portfolio. The agreement adds to Entra's leasing activity in Norway's office market, where demand for well-located and efficient workspace continues to remain stable. While the company has not disclosed financial details of the transaction, the leases underline continued tenant interest in strategically located commercial assets. The development forms part of Entra's ongoing efforts to maintain high occupancy levels and long-term value across its office and logistics-related properties.Read more
Advertisement
17 Jun 2026
NTT DATA has inaugurated its Bengaluru 4 (BLR4) Data Center Campus, expanding its digital infrastructure footprint in India amid growing demand for cloud services, artificial intelligence applications and high-density computing. Located near Kempegowda International Airport, the campus is designed as a hyperscale-ready facility with a planned total power capacity of 100 MW. The first phase, BLR4A, is now operational and provides 22.4 MW of critical IT load capacity. Once fully developed, the campus will comprise three data centres with a combined critical IT load of 67.2 MW. The project incorporates advanced cooling systems, carrier-neutral connectivity and a dedicated high-voltage power substation, while also securing IGBC Platinum certification for adherence to sustainability and green building standards.Read more
17 Jun 2026
The Greater Chennai Corporation (GCC) has stepped up efforts to recover pending property tax dues by targeting major defaulters and exploring measures to integrate tax arrears into the loan recovery process undertaken by banks and financial institutions. The move comes as the civic body seeks to strengthen revenue collections after falling short of its revised property tax target for FY 2025-26. Property tax remains one of GCC’s most important revenue sources, funding civic infrastructure and public services across the city. Officials are preparing lists of high-value defaulters, expanding digital collection mechanisms and pursuing institutional support to ensure that outstanding municipal dues are recovered more effectively. The initiative forms part of a broader strategy to improve tax compliance and strengthen Chennai’s municipal finances amid increasing expenditure requirements.Read more
17 Jun 2026
The New Delhi Municipal Council (NDMC) has announced a 10 per cent rebate on property tax payments for the financial year 2026-27 for taxpayers who clear their dues on or before June 30. The concession applies to properties within the NDMC jurisdiction and is aimed at encouraging early tax compliance and improving revenue collection. Property owners can avail themselves of the rebate through the council’s online property tax portal and other authorised payment channels. The incentive continues a policy adopted by the civic body in recent years to promote timely payments and strengthen municipal finances. The announcement comes amid ongoing changes to the property tax framework in the NDMC area, including efforts to introduce a more uniform assessment mechanism.Read more
17 Jun 2026
The newly elected Municipal Corporation of Panchkula is set to deliberate on a proposal for property tax relief alongside a series of sanitation and civic improvement measures during its first General House meeting. The agenda reflects the corporation’s focus on addressing public concerns related to taxation and urban cleanliness while strengthening municipal services. The proposed tax waiver is expected to provide relief to property owners, though its financial implications for municipal revenues will also be assessed. The meeting comes as Panchkula intensifies efforts to improve its sanitation infrastructure and performance under national cleanliness rankings, with several waste management, public sanitation and civic maintenance initiatives already underway across the city.Read more
17 Jun 2026
Stratus Properties Inc (STRS.O) has disclosed a fresh update through a recent SEC filing, confirming changes to the financing structure of its Holden Hills Phase 1 project. The company has entered into a third modification agreement related to the project loan, which adjusts key repayment terms and increases the borrowing limit. As per the revised terms, the loan maturity has been extended, while the principal amount has been raised by USD 9.9 million to a total of USD 36 million. The update reflects continued financial restructuring activity linked to the project’s long-term development plans and funding requirements.Read more
17 Jun 2026
• Indore district authorities sealed eight commercial establishments after inspections found major fire safety violations and non-compliance with mandatory norms.
• The action is part of an ongoing city-wide drive targeting commercial buildings that failed to install or maintain required fire protection systems.
• Several of the affected properties were found operating without adequate fire safety infrastructure, while some had non-functional or substandard equipment.
• The administration had previously issued notices and compliance deadlines to hundreds of commercial establishments across the city.
• Officials said inspections and enforcement measures will continue as authorities focus on improving fire preparedness and public safety in commercial buildings.Read more
16 Jun 2026
• Kerala’s proposed AI-enabled township under Infopark Phase III in Kochi is facing legal challenges, delaying the progress of the large-scale technology project.
• Spread across nearly 300 acres, the development is expected to attract investments of around INR 25,000 crore and create about two lakh direct jobs.
• The project is being developed through a land-pooling model involving the Greater Cochin Development Authority (GCDA) and Infopark.
• Legal disputes linked to land acquisition and project approvals have emerged as key hurdles despite progress in planning and stakeholder consultations.
• The township remains a major part of Kerala’s strategy to expand its IT infrastructure and meet growing demand for technology and office space in Kochi.Read more
16 Jun 2026
Indian Hotels Company Ltd (IHCL) has expanded its hospitality portfolio in Uttar Pradesh with the opening of Ayodhyam, Ayodhya under its SeleQtions brand. The newly launched property features 162 keys and is positioned to cater to the increasing flow of visitors to one of India’s most prominent spiritual destinations. The opening comes amid sustained growth in religious and spiritual tourism across the country, particularly in Ayodhya, which has witnessed a significant rise in visitor numbers in recent years. Through the new hotel, IHCL aims to strengthen its presence in the religious tourism segment while offering accommodation that reflects the cultural and spiritual character of the city.Read more
16 Jun 2026
Embassy Group has challenged a writ petition linked to allegations surrounding certain transactions, describing the filing as a repetition of issues that have already been examined by regulators and judicial forums. The company stated that the matter remains under review by the Securities and Exchange Board of India (SEBI) and maintained that previous proceedings had addressed similar claims. The development has drawn attention across the real estate and infrastructure sectors, given Embassy’s significant presence in commercial property, business parks and infrastructure-linked assets.Read more
16 Jun 2026
Chennai-based residential developer Casagrand Premier Builder has received approval from the Securities and Exchange Board of India (SEBI) to launch its proposed INR 1,220 crore initial public offering (IPO). The offering comprises a fresh issue of equity shares worth INR 1,200 crore and an offer for sale of up to INR 20 crore by promoter entities. The company had filed its draft red herring prospectus in December 2025 and received SEBI’s observations on June 8, clearing the way for the public issue. A substantial portion of the proceeds will be utilised for debt reduction at both the company and subsidiary levels. The IPO comes as Casagrand continues to expand its presence across Chennai, Bengaluru, Hyderabad and Coimbatore, with a sizeable pipeline of completed, ongoing and upcoming residential projects.Read more
Advertisement
